Lodging Metrics - December and Calendar Year 2018

•  Los Angeles ranked 6th among the Top 25 Markets with an Occupancy rate of 70.5%, up +1.6% compared to December 2017 (69.4%).

•  Los Angeles ADR was $163.97 and ranked 5th among the Top 25 Markets, up +0.0% compared to December 2017 ($163.95).

•  Los Angeles RevPAR was $115.53 and ranked 5th among the Top 25 Markets, up +1.6% compared to December 2017 ($113.71).

•  Rooms nights sold were 2.27 million countywide, up +3.1% over December 2017 (2.21 million room nights).

•  The LAX Area (78.6%) reported the highest occupancy rate for the month.   

•  Los Angeles ranked 4th among the Top 25 Markets with a Year End Occupancy rate of 79.6%, down -0.4% compared to the same period last year (80.0%).

o Markets ranking higher than Los Angeles in Year End occupancy are New York (87.3%), Oahu Island (83.9%) and San Francisco (81.9%).

•  Los Angeles Year End ADR is $180.17 and ranks 6th out of the Top 25 Markets, up +2.4% compared to the same period last year ($175.98). 

•  Los Angeles Year End RevPAR is $143.49 and ranks 6th out of the Top 25 Markets, up +1.9% compared to the same period last year ($140.85). 

•  Year End rooms nights sold are 30.18 million countywide, reflecting a +2.8% increase over 2017 (29.37 million room nights).

•  The LAX Area (86.2%) and Santa Monica/Marina Del Rey (85.5%) reported the highest occupancy rate for the year.
Source: STR